Exciting milestone for Wollemi We are proud to partner with Rest Super, one of Australia’s largest superannuation funds. Their support reflects a shared belief in the opportunity to scale climate solutions that are both commercially viable and impactful. While recent U.S. climate policy news has been grim, we continue to see strong demand and compelling fundamentals across the next generation of climate infrastructure in North America, Australia and beyond. Thanks to the Rest team and their members for their trust and partnership.
As featured in The Australian Financial Review, today we’re delighted to announce that leading Australian superannuation fund Rest has made a US$150m (~A$230m) commitment to Wollemi. The investment sees Wollemi launch our first managed vehicle and adds to Rest’s growing portfolio of impact-generating and sustainability-focused investments. It’s a key milestone in Wollemi’s continued growth journey, and an endorsement of our differentiated strategy. In the words of our Co-CEO Paul Hunyor, “Wollemi’s focus on supporting today’s innovative climate solutions to become tomorrow’s sustainable infrastructure is well aligned with Rest’s own commitment to helping build a more sustainable future.” As one of Australia’s largest profit-to-member superannuation funds, Rest represents more than 2 million members, approximately 1.5 million of whom will retire after the year 2050. According to Rest’s Interim Co-Chief Investment Officer, Simon Esposito, that’s helped shape the fund’s investment strategy. “We are thinking deeply about the future world they’ll retire into and are focused on making a positive contribution to a more sustainable future – because it’s fundamental to growing their retirement savings. “We believe decarbonisation will continue to influence the global economy and society for many decades to come and expect this long-term trend to create valuable investment opportunities for our members. Through this commitment with Wollemi, our members will gain exposure to a strong pipeline of innovative climate solutions we expect will contribute to and benefit from decarbonisation.” The investment brings Rest closer to its target of allocating 1% of total funds under management to impact-generating investments by 2026. As our Co-CEO Tim Bishop said, “We’re excited to be partnering with Rest, one of Australia’s leading superannuation funds with a long-standing commitment to sustainability and climate impact, to create our first Wollemi-managed investment vehicle.” 👉 Read the full story: https://lnkd.in/g_DAH2y8 📣 Or view the announcement on our website: https://lnkd.in/g9u7kCbY #impact #sustainability #climateaction
NICE ONE!
Congrats!!
Congratulations Noah Walker ! Glad everything is going so well.